NICE Enters Strategic Relationship with Honeywell

RA'ANANA, Israel - NICE Systems entered a strategic supply relationship with Honeywell that is designed to capitalize on the growth opportunities NICE expects to result from its recent decision to acquire FAST Video Security AG, a Swiss-based developer of video systems for security and surveillance purposes.  The newly aligned relationship will provide a broader range of solutions for the smart-based video IP market.

Through this relationship, both companies will be able to provide a suite of IP-based digital video and content analytics solutions, derived from the combined portfolio of NICE and FAST solutions.  The combined NICE and FAST portfolio will provide an extended offering of video products and solutions covering the digital video spectrum of video transmission/networking, recording, management, detection and post recording analysis. 

NICE's acquisition of FAST is subject to the satisfaction of customary closing conditions and is anticipated to close in early 2006.